15 Dec '11, 8pm

CEI's Chris Horner Testifies before Ohio House on Folly of Green Energy Policy

While such projections convey seemingly impressive prospects for gross employment growth, they obscure the broader implications for economic welfare by omitting any accounting of off-setting impacts. The most immediate of these impacts are job losses that result from the crowding out of cheaper forms of conventional energy generation, along with indirect impacts on upstream industries. Additional job losses will arise from the drain on economic activity precipitated by higher electricity prices. …[T]he private consumers’ overall loss of purchasing power due to higher electricity prices adds up to billions of Euros. Second, with the exception of the preferentially treated energy intensive firms, the total investments of industrial energy consumers may be substantially lower. Hence, by constraining the budgets of private and industrial consumers, increased prices ultimately ...

Full article: http://www.globalwarming.org/2011/12/15/cei%E2%80%99s-chr...

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Let's Spend Our Energy Developing an Energy Policy

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